Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 688A

When annual well levy becomes due and payable

  (1)   Annual well levy imposed by the Regulatory Levies Act becomes due and payable at the time specified in, or worked out in accordance with, the regulations.

Late payment penalty

  (2)   If annual well levy payable by a person under the Regulatory Levies Act remains wholly or partly unpaid after it becomes due and payable, the person is liable to pay a late payment penalty under this section.

  (3)   The late payment penalty is calculated at the rate of 0.333333% per day on the amount of the annual well levy remaining unpaid.

  (4)   NOPSEMA may remit the whole or a part of an amount of late payment penalty if NOPSEMA considers that there are good reasons for doing so.

Recovery of annual well levy and late payment penalty

  (5)   Each amount of annual well levy, and each amount of late payment penalty payable in respect of annual well levy:

  (a)   is a debt due to NOPSEMA on behalf of the Commonwealth; and

  (b)   is recoverable by NOPSEMA, on behalf of the Commonwealth, in:

  (i)   the Federal Court; or

  (ii)   the Federal Circuit and Family Court of Australia (Division   2); or

  (iii)   a court of a State or Territory that has jurisdiction in relation to the matter.